A Channel down pattern is trading range between diagonal parallel lines. It forms when an up or downtrend is formed between parallel support and resistance lines and suggests either a possible reversal in the trend or a change in the slope of the current trend.
Entry Price: 78.44
Take Profit: 87.50
Stop Loss: 77.29
Entry Price: 78.44
Take Profit: 87.50
Stop Loss: 77.29
Note
ok so i was suspecting and abcd to around 70 but i also didnt think it would happen. 70 is where i am re buying this after getting stopped out in profit.
always roll stops to breakeven
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.